Tianhai Auto Electronics Group Co., Ltd. Class A

Tianhai Auto Electronics Group Co., Ltd. Class A

SSZSE:001365
31.75
CNY
+1.44
(+4.75%)
1.31EPS
32.37P/E
20.63BMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
20.44
28.85
28.13
35.86
34.02
Basic EPS, GAAP
1
1.63
1.38
1.44
1.21
Free Cash Flow per Basic Share
-0.46
-0.07
-0.63
0.62
- -
Dividend per Share
0.49
0.49
0.1
0.51
0.05
Book Value per Share
6.53
9.07
10.51
11.56
14.21
Tangible Book Value per Share
6.12
8.61
10.51
11.02
13.7
Basic Weighted Avg Shares
402
400
445
445
506
Sales/Revenue/Turnover
8,215
11,549
12,523
15,969
17,217
Operating Margin (%)
8.07
7.88
100
6.07
5.34
Depreciation Expense
169
215
192
333
- -
Net Income, GAAP
402
652
614
641
615
Effective Tax Rate (%)
1.06
12.5
10.42
11.78
4.81
Profit Margin (%)
4.89
5.65
4.91
4.02
3.57
Working Capital
1,389
2,182
3,091
2,501
4,117
LT Debt
473
262
819
740
388
Total Equity
2,673
4,138
4,763
5,288
7,615
Return on Invested Capital (%)
- -
17.42
12.8
11.67
- -
Return on Capital (%)
- -
18.18
13.93
10.23
- -
Return on Common Equity (%)
- -
19.6
14.08
13.03
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
889
1,085
806
LT Borrowings
673
645
281
LT Finance Leases
67
83
107
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
446
446
525
Market Capitalization
- -
- -
20,633

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
11,621
11,464
12,856
Cash, Cash Equivalents & STI
2,058
2,232
3,460
Accounts Receivable, Net
6,209
4,842
5,442
Inventories
1,964
1,952
2,094
Total Current Liabilities
9,120
8,953
8,739
Payables & Accruals
- -
- -
- -
ST Debt
889
1,085
806
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
11.01%
Free Cash Flow
- -
- -
-198.26%
Net Income, GAAP
- -
- -
4.37%
Sales/Revenue/Turnover
- -
- -
27.51%
Total Cash Common Dividend
- -
- -
418.78%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
3,829
12,523
2025
3,062
3,495
4,341
5,070
15,969
2026
3,456
4,350
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.23
1.38
2025
0.23
0.48
0.42
0.2
1.44
2026
0.26
0.33
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.1
2025
0.03
0.42
- -
- -
0.51
2026
0.03
0.03
- -
- -
- -

Company Description

CEO
Desui Guo
Full Time Employees
20,657
Sector
Producer manufacturing
Industry
Electrical products
Address
No.003,Songjiang Road Hebei China 458030
IPO Date
May 18, 2026
Website
thb.com.cn
Business
Tianhai Auto Electronics Group Co., Ltd. engages in the design, development, manufacture, and sale of automotive electronic and electrical systems, components, and assemblies. The company specializes in automotive connectors; high- and low-voltage wiring harnesses; automotive electronics modules and systems; electronic transmission and control units; connection systems; intelligent control solutions; and related low-carbon and energy-efficient technologies. Its products enable vehicle electrical architectures across powertrain, safety, comfort, and infotainment domains. Founded in 1969, Tianhai Auto Electronics Group is headquartered in Hebi, Henan Province, China, and operates as a global supplier with manufacturing, engineering, and R&D capabilities serving a broad base of automotive original equipment manufacturers (OEMs) and tier-one suppliers. The group maintains vertical integration across design, tooling, and production to provide integrated automotive electronic and electrical system solutions. Latest major changes include strategic partnerships and alliances with leading automakers and new energy vehicle manufacturers to broaden product adoption; continued expansion of its intelligent control and low-carbon solutions portfolio; capital raises and potential restructurings to support capacity expansion and technology development; and enhancements to its product platforms, including next-generation connectors, high-density wiring harnesses, and integrated vehicle control systems. The company also pursues geographic expansion into key regional markets to support customers with localized engineering and manufacturing capabilities. Industry position and business segments: automotive electronics and electrical systems; segments include connectors, wiring harnesses, automotive electronics, intelligent control systems, and low-carbon solutions. Target markets comprise global OEMs across passenger, commercial, and NEV segments, with emphasis on domestic Chinese automotive brands and multinational manufacturers. Subsidiaries and affiliated entities operate across China and overseas manufacturing and R&D sites to support global supply chains.